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As technology advances, the competence of new energy will continue increasing, and the development of wind and solar power will be even faster, he said.

As urbanization further progresses and the population of the middle class further expands in China, China's consumption market scale will keep enlarging. "There are still huge growth potentials for US exports to China in the future," Xu added.

As the residential market enters its traditional golden season for sales, Evergrande launched a campaign for its properties nationwide by offering a historic low discount of 30 percent as its solution to deal with the tightening of credit lines and impacts brought by the COVID-19 pandemic, industry experts said.

As well as the main venue, six Beijing shopping malls also staged festival events, including Chaoyang Joy City, Hopson One and China World Mall.

As the world's largest developing country, China will fulfill its pledges meet its emissions target by 2030, he said.